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Forms Of Business Organization

Question

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Choose the wrong statement:
Any person can join the cooperative society if he/she has common interest
The death, insolvency and incapacity of any member does affect the existence of cooperative society
Cooperative society is managed by one person only
The liability of the members of a cooperative society is limited

Solution

C.

Cooperative society is managed by one person only

Some More Questions From Forms of Business Organization Chapter

What do you understand by a Public Company?

Under what circumstances, is a partnership form of business organisation suitable ?

Write a short note on 'implied agency', one of the important characteristics of partnership and also true test of partnership.

Would you say that the sole proprietorship involves a lengthy and expensive procedure for its registration?

Explain whether the liability of a sole proprietorship is limited to the extent of his share in business.

Only the Karta has unlimited liability in HUF. Explain.

Define 'Partner by Holding Out'.

Explain how the company is an artificial person.

Discuss whether a company's existence is affected by the death of a member.

Explain how a co-operative is a democratic institution.

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